CAPITAL GAINS CALCULATOR

To calculate the approximate tax deferred in a real estate exchange for non-corporate taxpayers, enter your data into the fields below and click Calculate to see the result. Reset will remove the current values.

* Indicates a required field
Step One: * Sales Price or Fair Market Value (FMV)			$
Step Two: Calculate Adjusted Basis
	* Original Purchase Price		$
	Plus	Capital Improvements	$
	Minus	Depreciation	$
	Equals	Adjusted Basis	$
Step Three: Calculate Federal Capital Gain
	Sales Price or Fair Market Value (FMV)		$
	Minus	Adjusted Basis	$
	Minus	* Cost of Sale	$
	Equals	Federal Capital Gain	$
Step Four: Calculate Federal Capital Gain Taxes
	Depreciation X Recaptured Depreciation Tax Rate (25%)
	Equals	Recaptured Depreciation Tax Rate	$
	Federal Capital Gain Minus Depreciation
	X Federal Capital Gain Rate (15%)
	Equals	Federal Capital Gain Tax	$
	Federal Capital Gain Tax Plus Recaptured Depreciation Tax
	Equals	Taxes Due	$
	*** Many states also charge a state capital gain tax ***
Step Five: Calculate Sales Equity
	Sales Price or FMV		$
	Minus	Mortgage Payoff	$
	Minus	Cost of Sale	$
	Equals	Gross Equity	$
	Minus	Federal Capital Gains Taxes Due	$
	Equals	Sale Equity	$
Step Six: Compare Exchange Equity vs. Sale Equity
	Sale Equity		$
	Exchange Equity Equals Gross Equity		$

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